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Chelsea confirm agreement of Boehly-led partnership to buy British club

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Statement confirmed all proceeds would be placed in a frozen UK bank account and Russian owner Roman Abramovich, who is currently subject to sanctions by the British government, would donate all of the proceeds to charitable causes.

Chelsea Football Club has confirmed that terms have been agreed with a consortium led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake Capital over the acquisition of the English Premier League soccer team.

The Stamford Bridge-based outfit announced the 4.25 billion pound ($5.2 billion) deal for the reigning European champions in a statement issued in the early hours of Saturday, subject to receiving the required approvals.

“Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the club,” the statement said.

“The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time.”

Chelsea said the new owners would pay 2.5 billion pounds to purchase shares while committing a further 1.75 billion pounds to invest in the stadium, women’s team, the academy and the Chelsea Foundation.

The statement confirmed all proceeds would be placed in a frozen UK bank account and Russian owner Roman Abramovich, who is currently subject to sanctions by the British government, would donate all of the proceeds to charitable causes.

The announcement comes with just over three weeks remaining on the club’s current operating licence, which expires on May 31.

Abramovich put the club up for sale in early March following his country’s invasion of Ukraine.

He cleared the path for the takeover on Thursday after dismissing reports he wanted a loan given to the club, reportedly worth 1.5 billion pounds ($1.9 billion), to be repaid.

The Boehly group, which also includes Swiss billionaire Wyss, were in exclusive negotiations to buy the club after a late bid from British billionaire Jim Ratcliffe was rejected.

Groups led by Boston Celtics co-owner Stephen Pagliuca and former British Airways chairman Martin Broughton were earlier eliminated from the bidding process while a consortium led by Chicago Cubs owners the Ricketts family pulled out of the running.

Source: TRT World 

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Leicester City return to Premier League at first attempt after Leeds lose to QPR

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LONDON, April 26 (Xinhua) — Leicester City were promoted back to the Premier League from the Championship (second division) at the first attempt on Friday, without needing to kick a ball on Friday night, after Queens Park Rangers beat Leeds United 4-0.

The result means that Leicester with 74 points are four points ahead of Leeds, who are currently second in the classification with just a game to play, with Ipswich Town on 69 points and fourth place Southampton on 64 points, with two games left this season.

Leicester City were relegated from the end of last season from the Premier League, before appointing Enzo Maresca as first team coach.

Maresca has led them to a successful campaign, with 30 wins from 44 matches and with 86 goals in their favor.

The 2016 Premier League winners will be accompanied into the top flight by either Leeds or Ipswich Town, who have the chance to move above Leeds on Saturday if they win away to seventh place, Hull City, who also need a win to maintain their hopes of finishing in the top-six and getting into the end of season play-offs.

Source(s): Xinhua

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Inter celebrate 20th Serie A title in Milan Derby

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ROME, April 22 (Xinhua) — Inter Milan won their 20th Serie A title on Monday, beating AC Milan 2-1 in a derby that witnessed three players sent off in the dying minutes.

With a comfortable 14-point lead over second-placed AC Milan and only six rounds remaining, Inter Milan was poised to secure the Scudetto even before the derby, aiming to repeat their 2021 championship success. Entering the match at San Siro, Inter fielded a strong lineup with Lautaro Martinez and Marcus Thuram leading the attack, while AC Milan opted to bench Olivier Giroud, positioning Rafael Leao as the lone striker.

The Nerazzurri, who had previously overwhelmed their city rivals 5-1 earlier in the season, opened the scoring in the 18th minute. Federico Dimarco’s corner was deftly flicked on by Benjamin Pavard to Francesco Acerbi, who headed it in. Lautaro missed an opportunity to extend the lead shortly afterward, sending the ball over the bar from an unmarked position.

AC Milan had the chance to equalize but Yann Sommer got down well to deny Leao’s strike, while at the other end Thuram’s attempt was inches wide.

Inter Milan doubled the lead straight after the break in a spectacular fashion when a long ball over the top found Thuram, who cut inside and feinted a curler to the far top corner, but instead the Frenchman smashed it with ferocity into the near corner, surprising goalkeeper Mike Maignan.

AC Milan then threw on Giroud and Noah Okafor to strengthen the attack, and their efforts paid off in the 80th minute when Matteo Gabbia’s header was parried onto the post, before Fikayo Tomori headed it into the net.

The match escalated in stoppage time with the dismissals of Denzel Dumfries and Theo Hernandez from Inter and AC Milan, respectively, and soon after, Davide Calabria was also sent off for elbowing Inter’s Davide Frattesi.

In the final moments, even Milan’s goalkeeper Maignan joined the attack, but AC Milan could not prevent Inter from celebrating their victory.

In another key Serie A battle for fourth place, Bologna secured a 3-1 victory over Roma away from home. Oussama El Azzouzi put Bologna ahead with a spectacular bicycle kick, Joshua Zirkzee added to the lead before halftime, and despite Sardar Azmoun’s effort to narrow the deficit, Alexis Saelemaekers’ lob ensured Bologna solidified their hold on fourth place, now seven points clear of Roma, who have a game in hand.

Source(s): Xinhua

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Dortmund stuns Atletico in dramatic Champions League quarters

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BERLIN, April 16 (Xinhua) — Borussia Dortmund turned around a 2-1 first-leg defeat by clinching a hard-earned 4-2 victory over resilient Atletico Madrid in the second leg on home soil on Tuesday.

Dortmund advanced 5-4 on aggregate into the Champions League semifinals.

The BVB immediately went in search of the goal and came close with just three minutes gone when Marcel Sabitzer’s shot from inside the box was blocked by defender Cesar Azpilicueta in the last nick of time.

Two minutes later, Atletico had the golden chance to extend the aggregate lead, but Alvaro Morata pulled wide with only Dortmund goalkeeper Gregor Kobel to beat.

Dortmund controlled possession though and got rewarded for their efforts at the half-hour mark when Mats Hummel’s defence-splitting through the ball allowed Julian Brandt to fire past Madrid custodian Jan Oblak from a tight angle.

The hosts gained momentum and doubled the lead in the 39th minute as Sabizter teed up for Ian Maatsen, who slotted home from a sharp angle into the far post bottom corner.

After the restart, Los Colchoneros came out with their guns blazing and restored parity on aggregate with the great assistance of Dortmund veteran Mats Hummels, who accidentally cleared Mario Hermoso’s dangerous header into the wrong goal.

Things went from bad to worse for Dortmund as Atletico increased the pressure before retaking the aggregate lead with 69 minutes gone as Dortmund’s defense couldn’t clear the ball from the area, allowing Angel Correa to hammer the ball into the roof of the net, making it 2-2 on the scoreboards.

Dortmund was flabbergasted but bounced back with two goals in quick succession. First, Niclas Fullkrug made it 3-2 on the scoreboards in the 71st minute after heading home Sabitzer’s pinpoint cross before the Austrian international got his name on the scoreboards as well after unleashing a hammer past Oblak two minutes later.

Atletico opened up and pressed frenetically for a goal, but Dortmund’s defense stood firm to claim the team’s first semi-final since 2013. The BVB will encounter Paris Saint-Germain in the next round.

“I am really happy and proud of the boys. We were the better and more active team today. That is why we deserved to advance into the next round,” said Dortmund coach Edin Terzic.

“We had the chance to draw the game and go ahead in the tie but, when you don’t take advantage of your chances, this happens, even more so in the Champions League,” commented Atletico captain Koke.

Source(s): Xinhua

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